151. There is no money left, my friends

The keen observer will have noticed an unexpected, amusing and somewhat shocking phenomenon in the last few days. The plan by the UK conservative party to balance the accounts after the coronavirus economic shock by taxing the rich and corporations. This policy is anathematic to the Tories, who have built their proud electoral record on the opposite, the liberalisation of capital. Their U-turn, the last of many to date and the first of many more to come, is the consequence of a startling fact. There is nowhere else to get money from, no other politically acceptable way to balance the books. The Tories have exploited the working classes to such extent that, on exiting the latest shock, they dare not, despite their fanatically ideologic penchant to do so, tax the rank and file of British society. It is akin to watching the shipwrecked turn to eating each other to survive, when all else fails. We, the no longer targeted, watch in mirthless bemusement as they fall on their neoliberal swords 

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Comments

Douglas Hampson said…
Well stated Santi, is the Conservative party becoming socialist in these troubled times?

Regards Doug

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